Pearl Pay is creating a solution to interconnect Payment, Remittance, Banking and Cryptocurrency. It will be solved using a comprehensive, secured and affordable Mobile Wallet OS and use Blockchain technology to lower the cost. Pearl Pay will target Philippines as its first pilot country. Based on recent research, 70% of Filipino families has no bank accounts. There is also a high cost for domestic and international remittance which is a USD$33B industry in the Philippines.
Pearl Pay also identified that there more than 400 Rural Banks which has no foreign payment license. Payment licenses such as Mastercard, Visa or etc. The average cost to setup the infrastructure needed is approx. USD$4M
Whereas some parts of the world continue to crack down on cryptocurrency, the Philippines decides to join the tide by creating an economic zone that will facilitate businesses revolving around the emerging technology.
Pearl Pay is creating a solution to interconnect Payment, Remittance, Banking and Cryptocurrency. It will be solved using a comprehensive, secured and affordable Mobile Wallet OS and use Blockchain technology to lower the cost. Pearl Pay will target Philippines as its first pilot country. Based on recent research, 70% of Filipino families has no bank accounts. There is also a high cost for domestic and international remittance which is a USD$33B industry in the Philippines.
Pearl Pay also identified that there more than 400 Rural Banks which has no foreign payment license. Payment licenses such as Mastercard, Visa or etc. The average cost to setup the infrastructure needed is approx
